Five-Unit Apartment
For Sale
$660,000
4442 Brown Street, Lake Charles, LA 70607
Residential Income, Lake Charles, LA
Property Size7,100 SF
Lot Size0.32 Acres
Price / SF$92.96
Days on Market109
Property Features for 4442 Brown Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Rooms
Laundry Room
Appliances
Dishwasher, Electric Oven, Range Hood, Refrigerator
Subdivision
Burton Sub
Lot features
Regular Lot
Directions
Head SE on I-210 E, Take exit 7 toward Enterprise Blvd/Louisiana Ave, Continue straight onto E College St, Turn right onto Louisiana Ave, Turn left onto E McNeese St, Turn left onto Brown St, Turn left, Destination will be on the right
Standard status
Active
APN
00288829
Size
7,100 SF
Lot size
0.32 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
interior laundry rooms
Building Details
Year built
2005
Floors in Building
1
Roof type
Shingle
Listing Agency:
Coldwell Banker Ingle Safari R · Coldwell Banker Real Estate
(337) 478-1601
Listed By:
Kacy Broussard · License #995709138
(337) 660-6800
Added: May 29
Changed: Aug 29
Last Checked: Sep 14 at 12:06AM
MLS# 3753
Copyright © 2026 Southwest Louisiana Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2005, this apartment property contains five units across two duplex buildings and one standalone unit. Each residence is configured with two bedrooms and two bathrooms, along with an interior laundry room. The improvements total 7,100 square feet on a 0.318-acre parcel.
Unit interiors are equipped with dishwashers, electric ovens, range hoods, and refrigerators. Central heating and central air conditioning serve the residences. The property has a shingle roof and is connected to public water and public sewer.
Unit interiors are equipped with dishwashers, electric ovens, range hoods, and refrigerators. Central heating and central air conditioning serve the residences. The property has a shingle roof and is connected to public water and public sewer.
Key Highlights
- Five total units comprising two duplexes and one single unit
- Each unit offers 2 bedrooms and 2 bathrooms
- 7,100 square feet of property improvements on 0.318 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,490
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$829,800
$829.8K
Cap Rate 7%
$592,714
$592.7K
Cap Rate 9%
$461,000
$461.0K
Market Conditions
NOI Build-Up for 7,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$80.9K $11.40/SF
− Vacancy
−$5.5K −$0.78/SF
EGI
$75.4K $10.62/SF
− OpEx
−$33.9K −$4.78/SF
NOI
$41.5K $5.84/SF
Area
Calcasieu County, LA
Vacancy
6.80%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$829,800
Cap Rate 7%
$592,714
Cap Rate 9%
$461,000
Alternative Uses
Best Use
Apartment 5plus
$592.7K
$518.6K – $691.5K
NOI $41,490 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,128 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 70607, LA
30,339
Population
13,692
Households
2.2
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
263
Density / Sq Mi
$58,427
Median Household Income
$35,815
Median Earnings
$1,053
Median Rent
$171,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five residential units feature two-bedroom layouts, private laundry rooms, and central heating and air conditioning.
Where is this apartment building located?
The property is located at 4442 Brown Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Five total units comprising two duplexes and one single unit; Each unit offers 2 bedrooms and 2 bathrooms; 7,100 square feet of property improvements on 0.318 acres
